Main menu

Market Review, January 2014

Publication Date:

PDF File:

Summary:

In January, the advance estimate of U.S. fourth quarter real GDP showed 3.2% annualized growth. The results indicate a 2.7% growth rate in 2013, the strongest rate in three years. Consumer spending, the largest component of GDP, grew 3.3% in the fourth quarter, a significant increase from the 2% growth in consumer spending in the previous quarter. The report also showed the impact of the government shutdown on GDP, as government spending fell at a 4.9% rate. The reduction in government spending cut fourth quarter growth by 0.3%. Surprisingly, housing detracted 0.33% from GDP, as fixed residential investment came in at a 14-quarter low.

Vantage At a Glance

Vantage Consulting Group3500 Pacific AveVirginia Beach, VA 23451

Phone: (757) 491-1200Fax: (757) 422-5378

The views expressed on this website and in its published documents do not constitute investment advice or recommendations by Vantage Consulting Group or its staff. This commentary is provided for informational purposes only, and is not an offer or recommendation of shares or investments, or a prediction of any future performance.

This material is for informational and illustrative purposes only, and does not constitute research. No information contained herein constitutes investment advice or an offer to sell or buy a security. Except for personal printing or excerpting, no text or graphics may be reproduced or retransmitted in any manner without the prior written permission of Vantage Consulting Group. Vantage Consulting Group does not represent, warrant, or guarantee that this information is suitable for any investment purpose and it should not be used as a basis for investment decisions. Past performance does not guarantee or indicate future results.